“Then let MGM distribute it.” Nikki Finke has an interesting post on the financials behind MGM’s “Hot Tub Time Machine.” She’s usually reliable, but I’m stunned to hear this comedy cost $50 million and even more stunned that MGM managed to blow $47 million on a completely inept marketing campaign that in no way rivaled, say, that of “The Hangover.” I’ll bet if Warners had released this movie it would have made at least twice as much money. “HTTM” looks to lose a lot of money at those prices, though I think it’ll do very well on home video.

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And there is a much bigger MGM tragedy on the horizon, I contend: their complex quasi-bankruptcy legal wranglings may reportedly delay — or even completely derail — production of the two-part _Hobbit_ movie, which was to start within the next few months.

You know the lawyers are seriously squabbling when everyone appears willing to walk away from about a billion dollars in ticket sales.